The Accounts Receivable balance for Field Company at December 31. 2023, was \$25,000. During 2024. Field earned re uncollectible accounts will amount to 2% of accounts recelvable. Read the requirements Requirement 1. Assume Fleld had an unadjusted $2.800 credit balance in Allowance for Bad Debts at December 31 , 202 Select the explanation on the last line of the journal entry table.) Requirement 2. Assume Fleld had an unadjusted $2.200 debit balance in Allowance for Bad Debts at December 31,2024 Select the explanation on the last fine of the journal entry table.) ing 2024, Field earned revenue of $459,000 on account and collected $331,000 on account. Fleid wrote off $6,400 recelvabies as uncollectible. Industry experience suggests that Debts at December 31, 2024. Journalize Field's December 31, 2024, adiustment to record bad debts expense using the percent-of-receivables method. (Record debils first, then credit